Property Overview: 655 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1914, presents a solid opportunity in Winnipeg's Daniel McIntyre neighbourhood. With 1,170 square feet of living space, its size is very typical for the immediate area and offers a manageable footprint. A key feature is the renovated basement, adding functional living space. The lot is modest at 2,348 sqft, which translates to lower maintenance.
The primary appeal lies in its strong positioning within its local context. While its assessed value is below the Winnipeg citywide average, it ranks well above average for both value and year built within the Daniel McIntyre neighbourhood itself. This suggests a property that is competitively valued and structurally established among its direct peers. It suits practical, value-conscious buyers—perhaps first-time homeowners or investors—who prioritize a renovated, move-in ready basement and a character home in a central community over a large yard. It’s a home for those who see the advantage in a property that stands out positively on its own street rather than one that competes with newer suburban builds.
Section 2: Frequently Asked Questions
Q: How does the assessed value compare to recent sale prices for this home?
A: The current assessed value is $27,100. The home last sold in July 2020 for $25,500, and prior to that in August 2016 for $22,900. This indicates a history of value appreciation in line with the assessed figure.
Q: Is the living space considered large or small?
A: At 1,170 sqft, it is almost exactly the average size for similar homes in both the Daniel McIntyre neighbourhood and on Lipton Street itself. It is a standard, functional size for the area.
Q: What does the "above average" ranking for year built mean?
A: Built in 1914, this home is older than most in Winnipeg overall. However, within the older, established Daniel McIntyre neighbourhood, it is actually newer than about 73% of comparable homes, indicating it is a relatively younger structure on its street.
Q: Are there any obvious concerns from the data provided?
A: The land area is consistently below average across all comparisons (street, neighbourhood, and city). Buyers seeking extensive outdoor space for gardening or expansion may find the lot limiting.
Q: How does this home fit within its immediate community?
A: The data suggests it's a very representative home for Lipton Street and Daniel McIntyre. Its metrics for size, value, and age are consistently competitive within the local area, portraying it as a stable and typical offering for this specific community.